Savings Accounts
Depending on your wants or needs, at the Bank of a Lifetime we have a savings account exactly right for you. You can choose to save short-term or long-term...high rates...low minimums...the choice is yours.
Minimum Opening Balance: None
Monthly Service Charge: If balance is below $50.00 and no activity, there is a $1.00 monthly fee.
Variable Interest Rate
ALL
ABOARD KIDS CLUB
This savings account is designed with our young depositor in mind. The
account is for children ages 12 and under. Minimum Opening Balance: None
Variable Interest Rate
Parent or guardian must be on account
Benefits:
Free gift for opening your account
Invitations to club events and parties
Earn prize tokens when you deposit
Your account will automatically rollover to a regular savings at age 13, or
you can upgrade to Student Checking when you turn 13!
MONEY MARKET PLUS (MMP)
Minimum Opening Balance: $2500.00
Monthly Service Charge: None*
Variable Interest Rate
*You must maintain a minimum average daily balance of $2500.00 to obtain the
disclosed annual percentage yield. Interest is credited to your account
every month based on a tiered rate.
Minimum Opening Balance: None
Monthly Service Charge: None
Variable Interest Rate
*Unlimited deposits allowed, no withdrawals
*November 1, a check will be mailed for the entire account balance
*$10 service charge for early withdrawals
HEALTH SAVINGS ACCOUNT
A Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse, and your dependents.
You are eligible for a regular HSA contribution if, with respect to any month, you:
*Are covered under a high-deductible health plan (HDHP) in the first day of such month;
*Are not also covered by any other health plan that is not an HDHP (with certain exceptions for plans providing preventive care and limited types of permitted insurance and permitted coverage);
*Are not enrolled in Medicare; and
*Cannot be claimed as a dependent on another individual's tax return.
